An Illinois federal jury handed down a $54 million verdict Monday that said toolmaker Positec USA Inc. infringed the yellow and black trade dress of Black & Decker’s DeWalt brand of power tools.
A Texas state court jury on Monday cleared Johnson & Johnson of liability in the first trial over the company's Prosima pelvic mesh device, rejecting claims the device was defectively designed and that the company didn't adequately warn consumers about the risks involved.
The U.S. Department of Justice on Monday unveiled the final terms of BP Exploration & Production Inc.'s agreement to pay over $20 billion to settle federal and state claims stemming from the 2010 Deepwater Horizon disaster, sending the largest pollution judgment in U.S. history to a Louisiana federal judge for approval.
Bristol-Myers Squibb Co. on Monday agreed to pay $14 million to settle allegations by the U.S. Securities and Exchange Commission that its representatives in China bribed state-owned and state-controlled hospitals to boost prescription sales.
The U.S. Supreme Court on Monday denied a bid to hear an antitrust lawsuit by the city of San Jose, California, against Major League Baseball over the potential relocation of the Oakland Athletics, putting an end to the latest challenge to professional baseball's long-held exemption from antitrust law.
The U.S. Supreme Court on Monday denied a petition from a unit of Charles Schwab Corp. seeking a review of a Ninth Circuit decision to revive a suit brought over the firm's risky bets on complex mortgage securities that the firm made in 2007.
Beleaguered clothing retailer American Apparel filed for bankruptcy Monday in Delaware amid a prolonged sales slump, unable to right persistent financial problems that have plagued the company while it has been busy battling its controversial founder Dov Charney for control of the business.
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